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Free Download PDF of Banking Law Multiple Choice Questions(MCQs) with Answers as per exam pattern, to help you in day to day learning. We provide all important questions and answers for all Exams.
49. Credit cards first emerged in 1920s
- [A] India
- [B] China
- [C] USA
- [D] UK
Answer: Option [C]
50. Which of the first subsidiary bank of State Bank of India to do whole computerization of all its
branches?
- [A] State Bank of Patiala
- [B] State Bank of Hyderabad
- [C] State Bank of Saurashtra
- [D] State Bank of Travancore
Answer: Option [A]
51. Which is the first bank to introduce Credit card in India?
- [A] Bank of India
- [B] Global Trust Bank
- [C] IndusInd Bank
- [D] Central Bank of India
Answer: Option [D]
52. Which is the first change in banking sector of India after independence?
- [A] Nationalization of Banks
- [B] Social control on Banks
- [C] Establishment of SBI
- [D] Establishment of RBI
Answer: Option [B]
53. The following one is absolutely essential for a special crossing
- [A] Two parallel transverse lines
- [B] Words "And company?
- [C] Words "Not negotiable"
- [D] Name of a banker
Answer: Option [D]
54. Which of the following is not the form of E-banking?
- [A] Internet Banking
- [B] Direct Deposit in Bank
- [C] Electronic cheque conversion
- [D] Mobile banking
Answer: Option [B]
55. Interest payable on savings bank accounts is?
- [A] Regulated by State Government
- [B] De-regulated by RBI
- [C] Regulated by RBI
- [D] Regulated by Finance Minister
Answer: Option [B]
56. Which of the following is correct statement?
- [A] No interest is paid on current deposit accounts
- [B] Interest is paid on current accounts at the same rate as term deposit accounts
- [C] The rate of interest on current accounts and savings accounts are the same
- [D] No interest is paid on any deposit by the bank
Answer: Option [A]
57. The chief activities of bank do not include
- [A] Providing loans
- [B] Accepting deposits
- [C] Providing lockers
- [D] Selling real estate properties
Answer: Option [D]
58. Electronic cash is also called as
- [A] Hot money
- [B] Digital money
- [C] Instant money
- [D] Easy money
Answer: Option [B]
59. Use of personal computers at home for conducting their banking operation with their banks is called
- [A] Mobile Banking
- [B] Anywhere Banking
- [C] Internet Banking
- [D] Home Banking
Answer: Option [D]
60. Which electronic fund transfer system run on the basis of "Deferred Net Settlement"
- [A] NEFT
- [B] RTGS
- [C] SMS
- [D] BIFSC
Answer: Option [A]
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